Stocks Moving Today: Super Micro, Tesla, Nvidia, Workday, and More

Stocks Moving Today: Super Micro, Tesla, Nvidia, Workday, and More

Market Overview

Stock futures dipped Monday ahead of key inflation data later this week. The S&P 500 and Nasdaq Composite have both gained for three consecutive weeks.

Here’s a breakdown of stocks making notable moves:

Super Micro Computer

Move: Shares rose 10% in premarket trading.

Reason: Granted an extension from Nasdaq until Feb. 25, 2025, to file its latest annual report. The company expects to meet the deadline and remain listed on Nasdaq during the exception period.

Tesla

Move: Up 2.1% in premarket trading, following a 5.3% rise on Friday.

Highlights: Closed at $389.22, its highest level since January 2022, with a record market cap of $1.249 trillion. Tesla has surged 57% in 2024.

Nvidia

Move: Down 1.9% in premarket trading.

Reason: China launched an investigation into Nvidia for potential violations of anti-monopoly laws. The probe was announced by China's State Administration for Market Regulation.

Apollo Global Management and Workday

Move: Apollo rose 5.8%, and Workday jumped 9% after the announcement.

Reason: Both companies will join the S&P 500 on Dec. 23 as part of the index’s quarterly rebalancing.

AppLovin

Move: Fell 5.9% in premarket trading.

Reason: AppLovin was not included in the S&P 500 despite being a leading candidate.

Interpublic Group

Move: Shares surged 14% to $33.37.

Reason: Agreed to be acquired by Omnicom in a stock-for-stock deal, creating the world’s largest advertising agency. Omnicom shares dropped 3.3%.

SoFi Technologies

Move: Declined 2% to $15.70.

Reason: Downgraded by BofA to "Underperform" from "Neutral" due to a 120% rally in the last three months.

Upcoming Earnings Reports

Monday: Oracle, MongoDB, Toll Brothers, and C3.ai.

Later This Week: Broadcom, Costco Wholesale, Adobe, AutoZone, GameStop, Lennar, Jabil, and others.

These moves reflect shifting investor sentiment amid corporate updates, regulatory developments, and broader market dynamics.